Gee whiz, guys....this seems like a really big deal if all that is being
ordered is a couple of hundred bucks worth of stuff. The letter of credit is
generally used for commercial shipments, not retail purchases. How about
researching the vendor, ensuring they have integrity and quality products,
(post the question to this list, or check the comments on the Monster list),
and then taking a well calculated leap of faith that they will treat their
customer (you) appropriately. Call me naive if you will, but this approach
has worked for me, for both personal and business transactions. And, for me,
international payments include the good old U.S. of A. Besides, if you give
them your credit card number and expiry date, it amounts to the same as cash
in advance, the vendor will only process and ship your order after receiving
approval on the credit card.
Giving out your credit card information to someone in another city or
country poses no more inherent risk than using it in your own neighborhood.
Anyone who works at a store, gas station, etc. where you tender the card has
access to your card number and expiry date, all that are needed to use it
fraudulently.
Doug Ingram
Victoria BC
1958 Frogeye
AN5L/636
>George,
>
>I do a great deal of business overseas in doubtful situations, and use
>an international letter of credit. If you have credit cards to cover
>the amount plus ten(10) percent, you should be able to get such a
>guarantee of payment as a private party, at least so I am told. The
>seller recieves the letter of credit and takes it to his bank. The
>banks actually exchange the computer entries or whatever. I always
>write the letter of credit to be paid after delivery and inspection.
>Any reputable company should not have a problem with these arrangements.
>I assume your amount is small, but this is done even in the hundreds of
>thousands, and probably larger amounts, every day.
>
>Hope this helps,
>
>Dave
>
>By the way, the drug dealers just pay cash. If they stiff somebody,
>they kill them. A very effective method of assuring payment.
>
>GMari58175@aol.com wrote:
>>
>> Hi list,
>> How do I buy something from an international source who doesn't accept credit
>> cards, and wants cash. I know, this sounds fishey to me too, but would
>> appreciate any ideas on how the seller is guaranteed payment, and I am
>> guaranteed delivery. I am told that UPS, Federal Exp., and USPS do not do
>> international COD deliveries. The seller is suggesting a bank transfer,
which
>> is ok if my bank will release the funds only after I receive delivery.
>> I wonder how the drug dealers do it. Geez all I'm buying is car stuff.
>>
>> Thanks,
>>
>> george marinos
>> sprite MKII An6
>> glen rock, nj
>
>--
>Dave Miles
>------------------------------------------------
>F.A.I.R.--Foundation for Animals In Risk
>Saving dogs and cats in Arizona
>(520)822-1847 or (520)404-0671[cell.]
>Save a life...support F.A.I.R.
>
>
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